RAK Maritime City (RAKMC)
RAK Maritime City (RAKMC) was established as a Free Zone by Emiri Decree in December 2009. The decree also confirmed the boundaries of the new maritime city. RAKMC combines international port facilities with significant business advantages. Companies enjoy cost-efficient, secure, and transparent business solutions along with substantial tax benefits.
Zoning and Facilities in RAK Maritime City
RAK Maritime City (RAKMC) divides into specific areas for retail, warehousing, general cargo handling, industrial production and manufacturing, tank storage, and shipbuilding or repairs. Companies can incorporate as both Free Zone Establishments (FZE) and Free Zone Companies (FZC). They can also choose from various trading licenses, work permits, and UAE residence visas.
Business Support and Expansion in RAKMC
RAKMC provides substantial land expansion opportunities for individual companies, excellent market access, low operating costs, and comprehensive business support. The Free Zone issues both FZE and FZC licenses, along with work permits and residence visas.
Plot Types
RAKMC provides two types of plots:
- Plots with a linear quay length: These plots have exclusive use of the quay.
- Plots without direct water access: These are located away from the harbor area.
Plots are available with a minimum size of 25,000 sqm. Plots with an exclusive berth or jetty of 100 linear meters require a minimum leased area of approximately 40,000 sqm. Lease agreements are offered for 25 years, renewable for another 25 years, with the possibility of extending up to 99 years.
Conclusion
RAK Maritime City is an ideal maritime gateway into the region, offering a combination of world-class port facilities and customized business solutions. With its strategic zoning, extensive support, and flexible lease options, RAKMC provides a conducive environment for businesses looking to establish a strong presence in the region.
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